Citigroup Inc. (NYSE:C) Shares Sold by MainStreet Investment Advisors LLC


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MainStreet Investment Advisors LLC lessened its stake in shares of Citigroup Inc. (NYSE:C) by 11.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 140,089 shares of the company’s stock after selling 18,344 shares during the period. MainStreet Investment Advisors LLC’s holdings in Citigroup were worth $8,637,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mcmillion Capital Management Inc. acquired a new stake in shares of Citigroup during the fourth quarter worth $27,000. Johnson Midwest Financial LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $29,000. Capstone Triton Financial Group LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $29,000. Cordasco Financial Network boosted its holdings in shares of Citigroup by 344.8% during the fourth quarter. Cordasco Financial Network now owns 516 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the last quarter. Finally, Birchcreek Wealth Management LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 72.99% of the company’s stock.

NYSE:C traded up $0.24 during mid-day trading on Tuesday, reaching $65.76. The stock had a trading volume of 784,313 shares, compared to its average volume of 20,635,299. The company has a market capitalization of $136.91 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95. Citigroup Inc. has a 1-year low of $32.00 and a 1-year high of $74.05. The stock’s 50 day simple moving average is $63.13 and its two-hundred day simple moving average is $53.63. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.97 and a quick ratio of 0.97.

Citigroup (NYSE:C) last issued its earnings results on Thursday, January 14th. The company reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.74. Citigroup had a return on equity of 6.63% and a net margin of 13.17%. The company had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.71 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. Citigroup’s quarterly revenue was down 10.2% compared to the same quarter last year. Sell-side analysts anticipate that Citigroup Inc. will post 6.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Monday, February 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 29th. This represents a $2.04 dividend on an annualized basis and a yield of 3.10%. Citigroup’s payout ratio is currently 41.80%.

Several research analysts recently weighed in on C shares. DA Davidson increased their target price on Citigroup from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, January 19th. Royal Bank of Canada increased their target price on Citigroup from $66.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 19th. Morgan Stanley increased their target price on Citigroup from $58.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, November 30th. Zacks Investment Research raised Citigroup from a “hold” rating to a “strong-buy” rating and set a $70.00 price objective on the stock in a research report on Wednesday, December 30th. Finally, Daiwa Capital Markets assumed coverage on Citigroup in a research report on Wednesday, January 6th. They issued a “buy” rating and a $75.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $71.57.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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